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in the the health care law might mauck you down right sick right now. the white house just announcing plans to slap health insurers with a fee if they sell insurance dictated by the president's health care law and larry says you'll pay for it no matter where you live, huh? >> that's right. that's right, you know, administrative costs and health care are already skyrocketing and this is going it to get past the consumer just like everybody else. we already see skyrocketing health care costs, 14% is administrated, it's just too much. >> some parts of the law lower prices and is it net neutral, basically? >> i think the only given is that the country as a whole is goingo spend mor on health care andore people are going to have insurance one way or another, gun point are fine or whatever it is, but the actual premiums among are necessarily going to change. although there are plenty of things to raise your premium, not allowing the insurance company to reject, is going to raise premiums and some premiums are paid for like a tax next year, on capital gains for wealthy people, it's not health care payment
a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the senate since may to reciprocate on that. the senate and white house sat on it, and they said we'll see you in the lame duck period. now it's lame duck, and now they want to get started when we finished or work in may on it. it's been frustrating in the process. it's the same song, 38th verse on it, waiting for the senate to get it going. now we're actually going, and the president now says you can clear the table on this. the reality is this is not a tax issue. it never has been a tax issue. we have the same amount of revenue coming in in 2012 that we had in 2007, but we spend a trillion dollars more per year now than we did five years ago. this is a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has
, everyone. thank you both for coming on. remember, don't get along with your in-laws. that is the more own a gun. was it could? to like this? that is our show tonight. [applause] >> and n john stossel. john: food can kill. people will eat the wrong stuff may get sick. it's while most everyone says we need government to set some limits. make sure there is not bacteria in your food or dangerous chemicals. to make sure food companies tell you what is in their food and how fattening it i. state legiator felix ortiz has done that in new york city. he got trans fat man, calorie counts posted at mcdonald's and other fast-food places. now he wants a ban on adding too much salt. so you think he saved lives? >> absolutely. john: okay. a farmer. he grows vegetables dollar raises cows, chickens, and pigs. i assume you want the people who buy your beef and pork to be safe so don't we owe him a vote of thanks for saving this? >> no. i would say you're killing me out here. trying to get my stuff to market. this plethora of government regulaons, you know, is killing our farm and our ability to come to mar
. >> would you pardon the phrase, they broke the law legally, persuading akin federal bankrupy judge to disallow 200 years of precedent. the night that supreme court was called into a emergency secret session to decide whether or not they would intercede with gm bankruptcy, they had one night to get involved. the vote of do not get involved. no matter how tortured this is. neil: why? >> they never give a reason, the person i was having dead, said don't ask me. neil: you went to dinner with a supreme court justice? >> i have some friends, you know, you are in my category of friends too. neil: yeah we were at tad's steakhouse and they were closing. >> gm saga is filled with twisting and torturing laws, and avoiding spe economy saiding eve laws by people who are to carry them out. >> they were told, not a lot of layoffs, they went to mitt romney's point, a managed bankruptcy, albeit one backed up with taxpayer money, and do the very thing now they said they would not do. i have no problem with companies expanding to china, but it was never billed as that. >> do not hold your breath wait
old this wee but it might be celebrating in a difffferentell it year, law enforcement groups are pushing to have your text lked up for two years, they need to build a case in caseou comt a crime later. where is all this texting going? is there a ctralal text building or -- where is thhs? >> no, when you send a text, it depends on who your mobile carrier is, whether or not it ts saved and for how long, that is handled byompany that you, deal with, that you subscribe to. what law enforcementments to for all ofhose companies each and every one of them to be required to store probablyn a ctrally mandated rularized way, store all of your texts, youend to your familyembers, colleagues, whoer. they want thoseompanies to be requed neil: sounds outrageous that outrageous. there is a cnce one one out of a billion people is a criminal, come on. >> that ist this is a blanket requiremen of all of the texts only a small fractionre going to be criminals. w enforceme wants to keep it, consider this las year law enforcemen made 1.3 million requests for user data from mobile compani. neil: wh
to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the pblem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayor . they will not support it it was a nonstarter and never going to work in thetave . you have a better chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future and new hires and for their plans. you don't have ill defed benefits and by the way the private sector doesn't get. there is a pension liabity in the state of the california. vicki is right. government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget 26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is i a p
all sorts of corporate law. bondholders. they move it back of the line. >> they broke, everything. >> would you pardon this phrase? they broke the law legally. meaning they persuade ad federal bankruptcy judge to disallow 200 years of precedent and twist and bend and torture statutes. the supreme court declined to get involved. i was with a member of the supreme court. won't tell you the person's name the night the supreme court was called into emergency secret session to decide whether or not they would intercede with the gm bankruptcy. they got involved. the cash was distributed next day. if they didn't get involved it went through. the vote was do not get involved. no matter how tortured this is. neil: why? >> they never give a reason. the person i was having don't ask me having dead, said don't ask me. neil: you went to dinner with a supreme court justice? >> i have some friends, you know, you are in my category of friends too. neil: yeah we were at tad's steakhouse and they were closing. >> gm saga is filled with twisting and torturing laws, and avoiding spe economy saiding e
. they went into fast food places that the law went into effect. oh, yes. great that we can see the calorie count and they're paying more attention. indelicate the receipts and saw that they were eating more calories. >> well, let me just say that the best thing that we can do is step get the consumer the choice, the option. john: wrote a book titled everything i want to do is illegal. [laughter] >> right. [applause] de. john: what is your point? >> my point is that every time the government penetrates into the food system the abuses mount up from the big guys and little guys like us get routed back from the table do to a smothering bunch of regulations. government interventions come at the result of wind things it out of control. i health care costs to go $150 billion. john: it's his body. he can make his own stupid choices. >> i never believe that i'm hurting anybody's freedom. john: you are banning things. you support the ban on the soft drinks. >> well, the big soft drink is important to realize that we need said -- you have children at the age of nine. they suffer from hypertension as
maritime law, freedom of transit, freedom of navigation rights. lou: we have not heard from the state department or the white house on that challenge. i do want to turn to one statement by -- you mentioned defense secretary leon panetta. he said the united states should have what he called an enduring presence in afghanistan to pursue the counter-terrorism effort, the long war that has become the fashion of the last to the ministrations. your thoughts as we wrap up. >> let me tell you about this enlightened. of warfare, counter insurgency. what is, in fact, we are trading our american military life's with the restrictive rules of engagements in the hope of winning the hearts and minds of the tribal society. this is crazy. your first responsibility is to the protection and safety of your own men and women. lou: admiral, terrific of you to be here, and we appreciate. and i know that many of our forces, is not nearly all appreciate what you just said about lon morris. admiral james lyons, thank you. up next, one republican congressman gets a little creative with his reason for backing aw
business owners who are in compliance with the law and providing jobs. look, most small, most restaurants basically net about $88,000 a year. and on to be of that pay a load fee to be part of franchise which comes out to $450,000. it takes folks about five years just to break even on this investment. in my opinion they're small business owners providing a public good and if the protesters want to take it up with someone take it up with the state government or national headquarters. you're targeting the wrong folks. melissa: there are some good points in there. the problem that people own the restaurants, franchise owners are not making a mint. they're forced to raise the minimum wage not like, where is the money going to come from? they will have fewer workers working there or raise the price of the food. maybe the answer is not to have fast-food and to only have expensive food. no matter how you cut it the money has to come from somewhere? >> i think about the ceo's and people in the corporate headquarters and profits have been gone up for wendy he is and kfc, 50%, mcdonald's 130%. these
, everyone. thank you both for coming on. remember, don't get along with your in-laws. that is the secret. [laughter] melissa: here comes gerri willis. ♪ ♪ gerri: tonight a warm and likable a. what they say could damage your car and the triple a agency. welcome to "the willis report." senator kay bailey hutchison and sarah gerri: hello, everyone. speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage
to do ts he had to violate a law because there is law that says every six months you have to come out with the cost in terms of jobs and money of new regulations. and that was due the 31st of october. he just, you know, flagrantly disobeyed the law so people didn't know. now we're looking at these huge things coming on us, i'm talking about, the, you've seen the whole list. melissa: i hear you. it is agonizing. no, i hear you. senator, thank you so much for coming on the show. we appreciate your time. >> thank you, melissa. melissa: here is our "money" question of the day, should a higher federal gas tax be part of a fiscal cliff compromise? we want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter twitter,@melissaafrancis where almost no one liked the tax. >>> fuel gauge report tod, oil fell more than half a percent settling at 87.18 a barrel. >>> six u.s. senators are asking justice department to launch a probe of west coast oil refineries. remember we told you about this story. recent analysis, refineries were operating earlier th
. the only perfect law i know was carried down a mountain by senator moses. lou: what should be positive words for republicans tempered by the fact that senator durbin has no standing as the president's representative in the negotiation, and harry reid is telling a far different stories. john boehner and his caucus, the target, again, of senator reid's blame game. the senate majority leader insistent that republicans are the only onee in the way of the deal. reid asked point blank what the first thing would be, and he offered this curious answer. >> well, remember, we've already done more than a billion dollars worth of cuts. we've already done that. we need to get some credit for that and the negotiations that take place. lou: meanwhile, according to the white house, everything is not on the table, the table that a president is not scheduled to be seated at. carney confirmed that president obama will not find any extension of the bush tax cuts for the top 2% of the earners in the nation, and a look at the president's schedule for the remainder of this week shows nothing in the way of ne
congress? i don't really love it. they pass a law and then it's sort of like the irs has to do it. the irs has to enacted and oversee. and the joke is that the iris is operating on pneumatic tubes. the obamacare law is going to basically blow a lot of circuits and burn a band with. so the deal is made if you have investment income, capital gains or dividends, not only do you have to pay taxes when you cash out, you're going to have to pay an extra surtax on top of that. so what we're seeing is the ira saying, we have to a shoot possibly 1509 pages of rules. it becomes -- >> a little bit about this and then it disappeared. apparently it disappeared from the irs. all of a sudden out of the blue we have that already by april april 15th. >> nancy pelosi said we have to pass it to see what's in it. well now we're seeing what's in it. the rules are supposed to help poland $318 billion over the %-health reform.o help pay for the thing is, there may be a brand new form that taxpayers have to deal with the basically calculate the mass. it sounds like a migraine. but i'll tell you something. here's
me of that debate? that is obamacare and that is e law and it is not expiring. >> those increased taxes won't apply to everyone. it depends on your income and marital status. the corporate ceos are much smter than those in washington. if the taxes are dramatically higher on dividends, guess what they're going to do? gerri: they won't pay them. >> exactly. it will convert them to capital gain. if washington thinks that they can actually control behavior, they are kidding themselves. gerri: i think it's so interesting that you can't control, you know, you're not going to change how much the wealthy spend. they will spend no matter what even if you raise taxes. gerri: it's nonsense. >> there's a disconnect beeen what they want to have happen what will happen. people with money are going to vote and adjust their investments accordingly with the help of people write me. gerri: i hope you get some good advice. >> we will be much more definitive in the next few weeks. gerri: by then, i hope it's not too late. we have until december 31. >> what we do the trade now on december 27, it doesn
catherine. the our plan put rates signed into law by ronald reagan in 1986. melissa: got to go. i want to really quickly. why do we continue to talk about raising taxes and we're not talking about cutting spending? we can't get there. >> we never are, are we? >> sure. the tax reform plan is part of a larger $4 trillion deficit reduction plan has spending cuts in it. you need to do it in a balanced way. 485 billion in medicare. >> i'm sorry. 385 dal billion on top of savings we already have in medicare. melissa: i would love for both of you to come back. we have to do more in depth. you're fantastic. >> thanks for having me. melissa: here is the question of the day. could have done that the whole show. do you support higher taxes on cigarettes, alcohol and online gambling to reduce the deficit? we want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis. >>> egyptian president morsi attempts to restore order on cairo streets. protesters respond with molotov cocktails. has he lost control? details coming up next. >> mil
earlier to keep sharia law as the main sport of legislation there. how about the lucky folks who struck it really big? only two tickets matched the powerball tickets last night. the prize is $579.9 million with $379.8 million cash option which to me is like 380 million anyway. melissa: i had one number. lori: i am rich in great colleagues. employees of knight capital say an eerie silence have descended over the company with competing bid for the trading outfit. charlie gasparino with latest on the future of knight capital. >> if i won, guess it would not be making this call to break the news. no, i did not win. i do not gamble. here's the thing, what is kind of interesting is we have not yet gotten sort of a pressure release by virtue of what is offered. i have a lot of calls, it is owned by viola, former nymex ceo. that is kind of weird. another preservation's last night, another discussed terms, but you generally get a press release or official bid. we don't have that yet, so we are waiting on that. the other thing we should point out is tha getco's offer, how wl they get at $3.50? yo
essentially a two-year budget, and we spent just 97% of revenue, even though by law we can go to 99%, we restored the cash reserve in the economic emergency account. the state of iowa in the strongest fiscal position it's been ever. i'm proud of what we accomplished and looking forward to making progress this year reducing property taxes for all property tax classes in our state. david: great progress. so have the citizens of ohio, wisconsin, and you can mention individual states that have done well in getting -- >> indiana, michigan. david: that stands in stark contrast to what's happening inside the beltway. even one of your own, harkin, the united states senator from the great state of iowa said it's better to go off the fiscal cliff than not to have a rise in tax rates, and he said, quooe, "no deal is better than a bad deal," and a bad deal for him is not letting tax rates go up. what do you think of that? he's one of your own. >> well, unfortunately, we've got too much partisanship in washington, d.c.. the american people want the leaders, both the president and the congress to come
% to as much as 43% next year unless congress changes the law. the big winner tonight oracle ceo as the company's largest shareholder you will get nearly $200 million i today's deal and will avid about 60 million in taxes. he did not vote for today's exhilarated payout. he sure does profit from it. a lot more still to come, including a small business owner who says she feels helpless aft superstores a the and the government is doing nothing toelp her. the proof is in the pudding. albert done a new report showing a tax hikes on the bridge backfired in britain. we will politicians here techno? stay with us. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% ofour part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you i
four weeks to go until the deadline. be careful what you say in a local police want a law, new law requiring that text messages be saved for two years. how do you feel about that? ever texted something you wish would go away right now? there is of course the privacy issue as well. well, here comes the judge. he will be new at 10 on this one. got it. shares of darden restaurants, they're down today and they're the company that runs olive garden, red lobster, and they're down a lot. why is that, nicole? >> this is not good news here, they did a ton of promotions and now they're saying the promotions didn't work and in turn they're expecting numbers for the earnings season that will be below the analyst expectations and they're expecting sales at the olive garden to be down 3.2%. and at red lobster, 2.7% so sales are weakening, the earnings per share below what they anticipated and so, now, the ceo, so interesting, we need to come up with a new plan and we are going to work on different promotion because the current quarter is disappointing. do you think? >> well, nicole, hold on a se
: someone else will try. they will find a law and a way not to pay this down the road. if not san bernardino it will be someone else. >> i think a precedent will be set here. whenever there is bankruptcy what is it about it is about reorganizing and restructure turing your debt so it is manageable and you can afford it. where you have aontractual obligation by the state, look it defined benefit. you have to pay it, i think what they will end up doing structuring in such a way it frees up theirable to do this. hear is the laer question, melissa --. melissa: how would that work though? >> ultimately, there is all kind of creditors, right? you have debtor creditors. you have creditors who are owed money. me creditors who are owed money in the priority chain, list of priorities they're way down. but when you have commitments, you have to honor those commitments. this is a commitment that no to get out of.lity has tried they're now trying to do it. i think precedent would be set here would be dangerous. it would lead to parade of horribles by many others who would try to avoid this. that would l
as 43% next year unless congress changes the law. the big winner tonight oracle ceo as the company's largest shareholder you will get nearly $200 million in today's deal and will avoid about 60 million in taxes. he did not vote for today's exhilarated payout. he sure does profit from it. a lot more still to come, including a small business owner who says she feels helpless after superstores and the and the government is doing nothing to help her. the proof is in the pudding. albert done a new report showing a tax hikes on the bridge backfired in britain. we will politicians here techno? stay with us. ♪ gerri: do you remember willie sutton? he was the depression era bank robber who held up about 100 banks over 40 years. when asked why he was famously reported as answering, because that is where the money is. i thought of slick willie today as i was listening to the reporting of the fiscal cliff. the president's point man saying of the weekend shows, higher taxes must be a part of any resolution with republicans, presumably the white house teams thinks the wealthy are where the mon
me finish the point fimay. the law signed will give students flexibility to pay back under the condition they pay back the loans and that is important reform as well tracey is right. the principle issue is whether kids coming out of the college have an opportunity to get a job. that's what we need to fix. >> john than, i wanto g to wae rogers. john thob's education in the bahamas aside. education is important for all of the kids, but the debt is bad for all of us. that is a bigger problem here. >> there has to be a happy medium. i agree with julian. you have to educate the public and we have to have a better way to run it. the federal government can run it any better than anybody else. there is so many ways for a kid to go to collegeo apply for all kinds of scholarships and either thingings andine if student lones and i rked in college. i had a loan and i worked to help pay off that loan while in college. there are ways to correct the system to make it work. john you know kids don't hav the same advantages . they need the help and from government to get through at a shotf a
budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> thank you, gerri. gerri: it's not just politicians and ceos are worried about the fiscal cliff. even baseball players are worried. this man just signed a contract with the atlanta braves. this is something that the mbl rarely does. if upton gets paid one day later, he gets paid an additional $120,000 in taxes. he is not alone. his former tampa bay teammaae, signed an extension cable next week. who can blame them? it is like a tax revolt all over the place. if washington doesn't act fast, major league owners will be forced to shell out a lot of money. [ oman ] ring. ring. progresso. i just served
that any related -- any question can touch on that. there is a family law that can be basically used to impress women. freedom of speech is guaranteed, but you cannot insult individual human beings. connell: what do we do? we went through and all watch what happened in the arab spring. the constitution is thrown together in egypt. we know they are an important relationship with us. what do we do? what does the united states do? >> we have to recognize our limitations. we can only play on the margins. money changes everything. morsy is achilles' heel, that is really the economy. tourism is gone. it is very important to them. foreign investment has essentially dried up. we do spend well over a billion dollars in aid, primarily to the military every year. it filters through the economy. we should stop -- connell: we should stop doing that? >> if morsy pushes through the constitution, there is no reason to continue sending over billions of dollars a year. it also looks like under this constitution that morsy bought off the army. they get the money. they spend it anyway they want. this co
over for thanksgiving dinner, it's like my in-laws, they're still there. and for the crowd, yet, stays over forever. do you think that's a stretch? i want you to think again. the new report that home builders are building more homes for what they call extended families. and families are staying together during tough economic times and what do you think there about that? >> if it's tough economic times, and i am shouldn't be billed ago new house. and i'm a grand father and full-time, it would have me moving out. and it's upsetting emotional thing and i want to stay the hell away from it. >> neil: it's interesting, sandra. home prices moving up again and home building stabilize and the not back to the races, but better. >> better. >> neil: are we making too much of this or is this just the flip side of the same story? >> unfortunately, i think a lot of story is talking about grandpa and grandma moving into the house, but i don't see a lot of this as the college student who can't get a job. and moving back with the parents and part making arrangements for this. >> neil: so you've met my d
Search Results 0 to 49 of about 83 (some duplicates have been removed)